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Alias Born | 05/19/2015 |
Saturday, November 26, 2016 7:57:12 PM
I have done this several times now I have over 250 $1options I'm Riding for free and I always keep part of my shares For the run that will come once we get good news. I think we will know before Jan.20th. Once we hit $1 I sell my Shares and then just trade options. At that point Not only will All my risk will be gone but I will have a 50 cent profit per share and my $1options will be worth more. Once they get to $2 I will sell some of My $1 Options and buy $3 options and keep stepping up at each $1 up tick
I bought the Jan.20th $1 call option for 5 to 10cents and the April $1 call for 15 cents. Good Luck with that $7 option. I will not buy an option that Far out of the money, Because You will most likely still be able to buy The $7 option for around 10 cents when we hit $5 a shares at that point I will sell the rest of my $1 to $4 options and then buy the $5 option with part of my profit. If we make it to $10 I will then straddle with a put option to lock in all profits.
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